Reliance In Black Friday

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Yeiny Quintanilla
Professor Jonathan Davis
SCM 4307 T/TH
Retail Inventory Policy- Toys Sales during Black Friday
With Black Friday fast approaching, the paper takes a detailed preview of the mammoth sales day. Black Friday is normally the day after Thanksgiving Day. In the US, Americans celebrate Thanksgiving in the fourth Thursday of the month of November. Thus, the holiday shopping season commences from Friday right through December 24 (Gecker 1). The retail industry in the US invented the term Thanksgiving to signify the start of the Christmas holiday shopping season. As such, Black Friday is the day when retail outlets in the US record the highest sales figures, with statistics indicating that the number of people flocking into retail stores on Black Friday in recent years has become so massive that many mass-market retailers have experienced hardship in forecasting demand and sales. Many mass-market retailers use previous year’s figures to determine demand for the present year and stock up on products in anticipation of the forecasted demand. However, every year they realize that the stockpiled products were not adequate to satisfy the demand.
The origin of Black …show more content…
Among the problems that arise during the Black Friday confusion relates to the state in which consumers pick their products, purchase them, and transport them to their homes. During the process of picking, paying for the product, and transporting it, there is a strong risk of damage. Some consumers do not get value for their money because they arrive home with damaged goods. Retailers can arrest this situation through the use of 3PL service providers. These service providers can aid consumers in toy retail outlets with the means necessary to pick, purchase, and transport the

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